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BlackBerry (TSE:BB) Sets New 1-Year High - Here's What Happened

BlackBerry logo with Computer and Technology background

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$8.86 and last traded at C$8.66, with a volume of 3581852 shares. The stock had previously closed at C$8.05.

Wall Street Analyst Weigh In

Separately, TD Securities raised BlackBerry from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 20th.

Read Our Latest Analysis on BlackBerry

BlackBerry Trading Down 5.6 %

The firm has a market capitalization of C$3.09 billion, a P/E ratio of -24.07, a PEG ratio of 0.06 and a beta of 1.07. The business has a 50 day moving average of C$6.25 and a 200-day moving average of C$4.33. The company has a current ratio of 1.37, a quick ratio of 1.49 and a debt-to-equity ratio of 30.90.

Insider Transactions at BlackBerry

In other news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$5.26, for a total transaction of C$29,248.42. Company insiders own 1.70% of the company's stock.

BlackBerry Company Profile

(Get Free Report)

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.

Further Reading

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